February 21, 2017

Multi Time-Period Formulas

Sharing information between departments for greater efficiency and margin control.

  • Provide information to purchasing team to make better decisions
  • Access formulation data outside of formulation system
  • Fast turnaround time for purchasing decisions that are lined up with formulation

It’s a common problem. The purchasing department needs to quickly make decisions on large contracts for major ingredients. Both ingredient price and quality impact formulation, and must be factored into purchasing decisions. Providing access to multi-time period information in a cloud-based system allows the purchasing department to quickly make decisions, avoiding costly ingredient purchases that decrease margin. This information in turn allows production staff to manage inventory levels and reduce ingredient run-outs.